Study: Boutique and hybrid advisory firms are ripe for growth

05/27/2013 | On Wall Street · (U.S.)

Wire-house financial advisers looking for greater independence will fuel growth for boutique and hybrid advisory firms, according to a study by Cerulli Associates. Advisers with more than $36 million in assets under management will account for most of the shift, says Scott Smith, a director at Cerulli. "They don't want to be a part of a 40,000-person brokerage, but also they don't want to worry about who's paying health insurance and who is fixing their computer," he said.

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On Wall Street · (U.S.)

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